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So you’ve decided to open a Donor Advised Fund because of all the great benefits it has to offer. Great! Now, do you want to move forward with an endowment or non-endowment fund?
Don’t know the difference? Take two minutes to read below and find out.
An endowment is a permanent fund. Endowment funds are pooled for maximum benefit and invested to achieve long-term capital growth. Contributions are irrevocable and become assets of The Foundation.
Key things to know:
Non-endowment funds have no permanent principal balance and are immediately available for grant distribution. An advised non-endowment fund can become an endowment fund at any time upon request.
Key things to know:
Some donors maintain both an endowment fund and a non-endowment fund, allowing them to regularly transfer monies from the non-endowment fund to the endowment fund to help build a balance upon which gifts can be provided in perpetuity.
Now that you understand the differences between an endowment fund and a non-endowment fund, which one would you prefer? Click below to learn more.
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